Banks behind 70% jump in greenwashing incidents in 2023 -report

The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months...

China’s economy stabilises, factory activity returns to expansion

China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a...
HSBC

Exclusive: HSBC to acquire Citigroup China consumer wealth business

HSBC (HSBA.L) is set to acquire Citigroup's (C.N) China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge...

Kia, Hyundai recall 3.37mn US vehicles over fire risks

Hyundai (005380.KS) and Kia (000270.KS) are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners...

US investors want clarity on Biden’s vague curbs on China tech

U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China technology sectors which they...

Cisco’s $28bn Splunk deal may ignite software deal frenzy

Cisco Systems' (CSCO.O) $28 billion deal for Splunk (SPLK.O) is likely to prompt other technology giants to splash out on similar acquisitions of software vendors...

Exclusive: Russia’s top oil and gas chiefs to accompany Putin on China visit

The heads of Russian energy giants Gazprom (GAZP.MM) and Rosneft (ROSN.MM), Alexei Miller and Igor Sechin, will join President Vladimir Putin's retinue during his...

US finalizes rules to prevent China from benefiting from $52bn in chips funding

The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other...

Bank of England halts run of interest rate hikes as economy slows

The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said...

China keeps benchmark rates unchanged as economy finds footing

China kept benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with expectations, as fresh signs of economic stabilisation...

India-Canada relations: how could trade be affected as tensions rise?

Trade talks between India and Canada have taken a hit as tension rises after Prime Minister Justin Trudeau said authorities were investigating...

Oil prices continue to rally on tight supply

Global oil benchmark Brent crude hovered above $94 a barrel on Monday, with investors focused on the prospect of a widening supply...

Tesla reinvents car making with quiet breakthrough

Tesla (TSLA.O) has combined a series of innovations to make a technological breakthrough that could transform the way it makes electric vehicles and help...

China asks big banks to stagger and adjust dollar purchases, sources say

China's central bank has asked some of the country's biggest lenders to refrain from immediately squaring their foreign exchange positions in the...

OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through...